Tesla is already offering low 1.99% financing on six-year loans for customers looking to buy the $48,990 long-range, all-wheel-drive Model Y, the series production version of the newer car that debuted in early April. Gone are the days when Tesla had to keep hiking prices to avoid being hopelessly swamped by demand. Now CEO Elon Musk has to fight for every new customer.
Just weeks after the launch of the Model Y refresh, a slightly newer version of the five-year-old crossover, Tesla informed buyers on Sunday they can already have the car at a discounted financing rate. Interested buyers can qualify for a six-year loan at 1.99% if they put down $3,999 for the purchase of a long-range all-wheel-drive version. By contrast, financing rates for some of Tesla’s upscale models top 6%.
OP was talking about a 12k BYD vehicle.
If you want to get a similarly priced BYD you can get similar features, but in terms of that 12k car OP wants
A model 3/Y has
bigger battery (more range)
better sound system
more HP/Torque
more storage capacity
more airbags
multi zone climate control
bigger touch screen
I’m sure the list goes on and on. You get what you pay for.
Edit: I think the BYD Seal is the model 3 competitor in price/features.